Traded 5.0 for Ecoboost
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Man I'm trying to turn this thing around. I thought this was BeigeCamarys.com or something like that when the finance arguments started.
So what the guy bought a new truck. He is the one who refills his checkbook, who he writes the checks to is his business. It's not like he is spending all his cash on hookers and blow.
So what the guy bought a new truck. He is the one who refills his checkbook, who he writes the checks to is his business. It's not like he is spending all his cash on hookers and blow.
I'm surprised I see as many Platinums as I do. My wife loves them with the black interior and brown seats. If she were buying our next truck, that's what it would be.
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Joined: Mar 2005
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From: Burleson/Athens/Brownsboro, TX
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Jim
Jim
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From: KC
You guys didnt wreck it. You saved it....some funny stuff!
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Enough of this truck talk. Can we please get back to financials. Specifically how the US tax code relates to hookers, escorts, blow and your bottom line.
Blow is not a deductible expense ever. Hookers were once deductible, but they have already been fully depreciated by the time they became hookers. Do not try to claim them, the IRS is now cracking down on this abuse.
So that leaves escorts. Escorts, as a depreciating asset are deductible if you can prove it was a valid business expense and they are under 26 years old for the entire fiscal year you are claiming. You may claim up to 20 percent per year for up to five years maximum, or however long they have been in your employ. Costumes, cosmetics, oil, and all cleaning and maintenance supplies are of course fully deductible.
As always, you should consult with your tax professional for your own unique situation.
Blow is not a deductible expense ever. Hookers were once deductible, but they have already been fully depreciated by the time they became hookers. Do not try to claim them, the IRS is now cracking down on this abuse.
So that leaves escorts. Escorts, as a depreciating asset are deductible if you can prove it was a valid business expense and they are under 26 years old for the entire fiscal year you are claiming. You may claim up to 20 percent per year for up to five years maximum, or however long they have been in your employ. Costumes, cosmetics, oil, and all cleaning and maintenance supplies are of course fully deductible.
As always, you should consult with your tax professional for your own unique situation.
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Joined: Sep 2002
Posts: 2,165
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From: Cabot, AR
Enough of this truck talk. Can we please get back to financials. Specifically how the US tax code relates to hookers, escorts, blow and your bottom line.
Blow is not a deductible expense ever. Hookers were once deductible, but they have already been fully depreciated by the time they became hookers. Do not try to claim them, the IRS is now cracking down on this abuse.
So that leaves escorts. Escorts, as a depreciating asset are deductible if you can prove it was a valid business expense and they are under 26 years old for the entire fiscal year you are claiming. You may claim up to 20 percent per year for up to five years maximum, or however long they have been in your employ. Costumes, cosmetics, oil, and all cleaning and maintenance supplies are of course fully deductible.
As always, you should consult with your tax professional for your own unique situation.
Blow is not a deductible expense ever. Hookers were once deductible, but they have already been fully depreciated by the time they became hookers. Do not try to claim them, the IRS is now cracking down on this abuse.
So that leaves escorts. Escorts, as a depreciating asset are deductible if you can prove it was a valid business expense and they are under 26 years old for the entire fiscal year you are claiming. You may claim up to 20 percent per year for up to five years maximum, or however long they have been in your employ. Costumes, cosmetics, oil, and all cleaning and maintenance supplies are of course fully deductible.
As always, you should consult with your tax professional for your own unique situation.
If you want a proper response come to Little Rock and buy me a few beers...
